Cooley maintains that limits on mutual funds’ use of leverage and other existing regulations make it highly unlikely that the industry could trigger another crisis, so classifying fund firms as systemically important financial institutions and imposing regulations that go along with the designation would be a mistake.
Estimated reading time: 0 minutes, 33 seconds
Morningstar to Oversight Council: Hands Off the Fund Industry
The Financial Stability Oversight Council, which was created by Dodd-Frank legislation in the aftermath of the 2008 subprime boondoggle to find ways to prevent another crisis, is apparently evaluating if regulations for fund industry are warranted, even though the industry didn’t cause the 2008 financial crisis. So writes Morningstar’s Scott Cooley, director of policy research at the firm.
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Welcome We’re glad you chose to visit a Progressive Media…
-